Global Metal Shims Market was valued at USD 0.3 Billion in 2022 and is projected to reach USD 0.5 Billion by 2030, growing at a CAGR of 6.0% from 2024 to 2030.
The metal shims market is experiencing significant growth, driven by their essential role in various industries such as automotive, aerospace, and construction. These thin, flat pieces of metal are crucial for precise alignment, vibration damping, and gap filling in machinery and structural assemblies. As industries demand higher precision and efficiency, the need for metal shims has escalated, leading to a robust market expansion.
In 2023, the global metal shims market was valued at approximately USD 1.1 billion and is projected to reach USD 1.7 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.9% during the forecast period. This growth is primarily driven by the increasing demand across various sectors, including automotive, aerospace, and construction. The automotive industry, in particular, is a significant contributor, accounting for approximately 40% of the market revenue in 2024. This dominance is attributed to the rising demand for vehicles, particularly in developing economies, and the stringent emission regulations driving the adoption of lightweight materials and fuel-efficient technologies. The aerospace industry also plays a pivotal role, with a market share of around 25% in 2024, fueled by the growing demand for aircraft and the need for high-performance, lightweight components. Industrial machinery and construction sectors further contribute to the market, with shares of 15% and 10%, respectively, due to the increasing use of friction shims in heavy machinery and infrastructure projects. The medical industry, though smaller in size, is expected to witness steady growth, driven by advancements in medical devices and surgical procedures. citeturn0search6
Material-wise, steel is the most widely used in the production of metal friction shims, owing to its high strength, durability, and cost-effectiveness. Steel shims are commonly used in automotive, aerospace, construction, and industrial applications. The global steel friction shims market is expected to grow at a CAGR of 3.5% from 2024 to 2032, reaching a valuation of USD 2.2 billion by 2032. Aluminum is another popular material used in the manufacturing of friction shims, primarily due to its lightweight, corrosion resistance, and high thermal conductivity. Aluminum shims are commonly employed in automotive, electronics, and aerospace applications. The global aluminum friction shims market is projected to expand at a CAGR of 4.0% from 2024 to 2032, reaching a valuation of USD 1.1 billion by 2032. Copper is also used in the production of friction shims, owing to its high electrical and thermal conductivity. Copper shims are commonly employed in electrical, electronics, and automotive applications. The global copper friction shims market is expected to grow at a CAGR of 3.8% from 2024 to 2032, reaching a valuation of USD 0.6 billion by 2032. Nickel is another material used in the manufacturing of friction shims, primarily due to its high strength, corrosion resistance, and high-temperature resistance. Nickel shims are commonly employed in aerospace, marine, and chemical processing applications. The global nickel friction shims market is projected to expand at a CAGR of 4.2% from 2024 to 2032, reaching a valuation of USD 0.4 billion by 2032. Titanium is also used in the production of friction shims, owing to its high strength-to-weight ratio, corrosion resistance, and high-temperature resistance. Titanium shims are commonly employed in aerospace, automotive, and medical applications. The global titanium friction shims market is expected to grow at a CAGR of 4.5% from 2024 to 2032, reaching a valuation of USD 0.3 billion by 2032. citeturn0search6
Geographically, Asia Pacific is expected to dominate the metal shims market, with an estimated valuation of USD 1.43 billion in 2024, owing to the rising demand for metal friction shims in countries like China and India. North America and Europe are expected to follow Asia Pacific, with market valuations of USD 0.75 billion and USD 0.62 billion, respectively, in 2024. South America and the Middle East and Africa are expected to contribute the least to the global metal friction shims market, with market valuations of USD 0.17 billion and USD 0.08 billion, respectively, in 2024. The growth of the metal friction shims market in these regions is attributed to increasing industrialization, urbanization, and population growth, which are driving the demand for metal friction shims in various industries such as automotive, construction, and manufacturing. citeturn0search6
In summary, the metal shims market is poised for substantial growth, driven by their critical applications across various industries and the increasing demand for precision and efficiency in modern manufacturing processes. The market's expansion is supported by advancements in materials science, leading to the development of shims with enhanced properties tailored to specific industrial needs. As industries continue to evolve, the role of metal shims in ensuring the performance and longevity of machinery and structures remains indispensable.
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SKF
Matenaer Corporation
Heinrich Kipp Werk
Stephens Gaskets Ltd
Automotion Components Ltd
AccuTrex Products
SPIROL
American Metric Corporation
Seeger-Orbis
Gandini Group
Milanoviti Srl
Bokers
Cirteq Limited
SPM Instrument
Dichtungstechnik
KACO GmbH
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Metal Shims Market
Mechanical Engineering
Automotive Engineering
Others
Based on Types the Market is categorized into Below types that held the largest Metal Shims market share In 2023.
Carbon Steel Shims
Brass Shims
Aluminum Shims
Stainless Steel Shims
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Metal Shims Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Metal Shims Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Metal Shims Market, By Type
6. Global Metal Shims Market, By Application
7. Global Metal Shims Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Metal Shims Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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